TLDR
- Bitcoinโs market cap hit nearly $2.4 trillion in July 2025.
- BlackRockโs IBIT manages over $80 billion in Bitcoin assets.
- Institutional purchases accounted for over half of Bitcoin buys.
Bitcoinโs Historic Market Surpass of Amazon
Bitcoin has achieved a significant milestone, having officially overtaken Amazon in market capitalization. As of July 2025, Bitcoinโs market capitalization has reached nearly $2.4 trillion, placing it among the top five global assets. This ascent has been driven by record-high spot ETF inflows, rapid institutional adoption, and pivotal regulatory shifts in the U.S.
The achievement marks Bitcoinโs increasing role as a mainstream portfolio asset. The cryptocurrency was previously less accessible due to regulatory and access barriers. Key players such as institutional asset managers and corporate treasuries have been instrumental in driving this change.
Institutional and Corporate Participation
Institutional asset managers, including BlackRock, Fidelity, and Grayscale, have led the Spot Bitcoin ETF market. BlackRockโs IBIT alone manages over $80 billion in assets. Additionally, corporate entities like MicroStrategy have significantly increased their Bitcoin holdings, accounting for over half of all institutional Bitcoin purchases in the first half of 2025.
Public U.S. entities and the U.S. Treasury have also ramped up their Bitcoin acquisitions. Legislations, such as the CLARITY Act and the GENIUS Act, passed by the U.S. Congress, have legitimized Bitcoin as a regulated asset, facilitating greater institutional participation.
Statements from Industry Leaders
Key opinion leaders have recognized Bitcoinโs growing legitimacy. Larry Fink, CEO of BlackRock, stated that Bitcoin is now โa core asset class for institutional and sovereign investors.โ Michael Saylor, Executive Chairman of MicroStrategy, noted the cryptocurrencyโs role as collateral and a treasury reserve is now a financial reality.
U.S. Congressman Patrick McHenry, Chair of the House Financial Services Committee, remarked that the bipartisan passage of the CLARITY Act has removed significant barriers for institutional Bitcoin participation. Such endorsements have reinforced Bitcoinโs position within mainstream financial systems.
Impact on Related Assets
Bitcoinโs rise has also impacted other cryptocurrency assets. Ethereum experienced moderate gains, although not equivalent to Bitcoinโs ETF-driven success. Other assets, such as Layer 1 and Layer 2 tokens and DeFi governance tokens, might experience correlated uptrends albeit lacking direct ETF inflows.
Overall, Bitcoin supply on exchanges has hit multi-year lows, highlighting long-term holding trends and limited liquid selling. Institutional wallets continue to be significant net buyers, affirming the ongoing demand for Bitcoin as a financial asset.
Michael Saylor, โBitcoinโs legitimacy as collateral and treasury reserve is no longer in questionโthis is now financial reality.โ
Michael Saylor, Executive Chairman, MicroStrategy| Disclaimer: The content on defiliban.com is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions. |
